United Dominion Realty Trust (NYSE:UDR) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of United Dominion Realty Trust (NYSE:UDR) from a hold rating to a buy rating in a research note released on Tuesday morning, Marketbeat.com reports. Truist Financial currently has $42.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $41.00.

A number of other analysts have also weighed in on the company. Wells Fargo & Company cut their price objective on United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group boosted their target price on United Dominion Realty Trust from $33.00 to $37.50 and gave the stock a “sell” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Monday, December 29th. Morgan Stanley decreased their price objective on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Finally, Evercore ISI lowered their price objective on United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.21.

United Dominion Realty Trust Trading Down 1.2%

UDR opened at $37.17 on Tuesday. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $46.47. The business has a fifty day simple moving average of $36.01 and a 200-day simple moving average of $37.18. The firm has a market cap of $12.28 billion, a P/E ratio of 84.48, a P/E/G ratio of 7.94 and a beta of 0.72. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 1.81.

United Dominion Realty Trust (NYSE:UDR) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $431.86 million during the quarter, compared to analysts’ expectations of $430.23 million. United Dominion Realty Trust had a return on equity of 4.54% and a net margin of 8.80%.United Dominion Realty Trust’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. United Dominion Realty Trust has set its FY 2025 guidance at 2.530-2.550 EPS and its Q4 2025 guidance at 0.630-0.650 EPS. On average, equities analysts expect that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio (DPR) is 390.91%.

Institutional Investors Weigh In On United Dominion Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in United Dominion Realty Trust by 107.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 2,246 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 337 shares during the period. Jane Street Group LLC raised its stake in shares of United Dominion Realty Trust by 35.0% during the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after purchasing an additional 3,637 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 986 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.